A youth sports league receives a ​$30,000 donation for building a new snack bar and office building. The league decides to invest this money in a money market account that pays 3​% interest compounded quarterly. How much will the league have in this account after 4 ​years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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A youth sports league receives a ​$30,000 donation for building a new snack bar and office building. The league decides to invest this money in a money market account that pays 3​% interest compounded quarterly. How much will the league have in this account after 4 ​years?

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